HMH Holding Inc (NASDAQ:HMH) Receives Average Rating of “Buy” from Brokerages

HMH Holding Inc (NASDAQ:HMH) has been assigned an average rating of “Buy” from the seven research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $28.00.

HMH has been the subject of several recent analyst reports. Evercore set a $24.00 price target on HMH in a research note on Friday, August 7th. Stifel Nicolaus lifted their price objective on HMH from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Finally, Zacks Research upgraded HMH from a “strong sell” rating to a “hold” rating in a report on Friday, July 24th.

HMH Stock Down 0.9%

Shares of NASDAQ HMH opened at $17.36 on Friday. The stock has a market cap of $762.62 million and a price-to-earnings ratio of 41.33. HMH has a twelve month low of $16.32 and a twelve month high of $24.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.82 and a current ratio of 2.97. The stock has a 50 day moving average price of $19.63.

HMH (NASDAQ:HMH) last issued its earnings results on Wednesday, August 5th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.23 by $0.19. The business had revenue of $170.82 million for the quarter. As a group, equities analysts expect that HMH will post 1.21 earnings per share for the current fiscal year.

Institutional Trading of HMH

A number of large investors have recently made changes to their positions in the stock. Citadel Advisors LLC purchased a new position in shares of HMH during the second quarter valued at approximately $12,624,000. State Street Corp purchased a new stake in HMH in the second quarter worth approximately $2,825,000. Readystate Asset Management LP bought a new stake in HMH in the 2nd quarter worth approximately $1,499,000. Finally, Squarepoint Ops LLC bought a new stake in HMH in the 2nd quarter worth approximately $1,076,000.

HMH Company Profile

We are a leading provider of highly engineered, mission-critical equipment solutions, providing customers with a comprehensive portfolio of drilling equipment, services and systems utilized in oil and gas drilling operations, both offshore and onshore. Our global reach, technical expertise and innovative product offerings, coupled with our integrated operations from manufacturing to aftermarket services, allow us to provide customers with first class technology, engineering and project management services through the entire asset lifecycle of the equipment we provide.